Stock roundup: Nigerian capital market investment falls as Honeywell and Cadbury gain lead

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Trading ended this week with investors dumping 8.004 billion naira across 719.398 million shares in 17,444 trades.

However, this is lower than the 9.329 billion naira that shareholders paid for 949.819 million shares in 18,525 transactions the previous week.

Best Performing NGX Sector

The financial services sector was the best performing sector in the capital market last week, with investors trading 411.407 million shares valued at 3.943 billion naira in 9,471 trades.

The ICT industry followed with 177.815 million shares worth N955.781 million traded by investors in 1,573 deals.

Conglomerates Industry topped the list with 36.577 million shares worth N2.332 billion sold in 2,425 deals.

The first three actions

The top three stocks this week were Courteville Business Solutions Plc, Zenith Bank Plc and Access Holdings Plc based on volume measurement.

They accounted for 38.68% and 24.78% of total share turnover volume and value respectively after investors traded 278.293 million shares worth N1.984 billion under the 3,038 transactions.

READ ALSO: Cadbury, Zenith Bank Gains Fail To Halt Nigerian Capital Market Loss Streak

Top five winners of the week

Multiverse gained N0.44kobo to end the week with N2.80kobo per share against the previous N2.36kobo per share.

Associated Bus Company’s share price rose 7.14% to close at 0.30 kobo per share, from 0.28 kobo per share the previous week.

Honeywell Flour gained N0.13kobo to go from N2.25kobo to N2.38kobo per share.

Cadbury’s stock rose by N0.75kb from N13 to N13.75kb per share.

The Pharma Deko share price appreciated by N0.10kobo from N1.95kobo per share to N2.05 per share.

Top 5 losers of the week

Red Star topped the list of losers after losing N0.34kobo to drop from N2.70kobo to N2.36kobo per share.

Beta Glass’ share value fell from N51.20kobo to N46.10kobo per share after losing N5.10kobo during trading.

Consolidated Hallmark Insurance’s share price fell 9.52% to end trading at N0.57kobo per share from N0.63kobo per share reported the previous week.

Learn Africa lost N0.19kobo from N2.25kobo to N2.06 per share.

FCMB Group’s share value fell by N0.27kobo from N3.50kobo to N3.23kobo per share.

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